Federal Reserve Alert! Guidance on Resolution forthcoming. Resolution plans, required by the Dodd-Frank Act and commonly known as “living wills,” describe a financial company’s strategy for rapid and orderly resolution under bankruptcy in the event of financial distress or failure.
September 30, 2022 Agencies announce forthcoming resolution plan guidance for large banks and deliver feedback on resolution plan of Truist Financial Corporation Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 4:30 p.m. EDT …